10 things about the hong kong business culture
TRANSCRIPT
10 Things About the Hong Kong Business Culture
A presentation brought to you by OpenCompanyHongKong.com
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Doing Business in Hong Kong
o The business and workplace culture are both very important when doing business in Hong Kong.
o The city is a major business centre with Chinese and English influences and many different customs and practices.
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1. Punctuality
o Punctuality is important in all business relationships.
o In Hong Kong, your business partners will value your punctuality.
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2. Greetings
o Hierarchy is important in Hong Kong, in all types of companies.
o The seniors and directors will be greeted first, and it is customary to use a handshake or a bow.
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3. The Chinese Language
o English and Chinese are both official languages and it is widely accepted for foreign investors in Hong Kong to speak English.
o A good business practice is to learn a few words in Chinese, especially if your business partner is Hong Konger.
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4. Physical Contact
o Physical contact is rare and multiple gestures are not recommended between business partners. A simple handshake is enough.
o When doing business in Hong Kong entrepreneurs are professional and discrete.
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5. Titles are Important
o Hong Kongers pay attention to someone’s title and function.
o When addressing a company director you should use the proper title.
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6. Red is Lucky
o The colour red is considered lucky in China and also in Hong Kong.
o In Chinese or Hong Kong culture the colour white is associated with mourning.
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7. Preparation is Key
o Business culture and customs in Hong Kong call for well-prepared speakers.
o When speaking in front of a panel or making a presentation make sure you have your documentation in order and are very diplomatic.
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8. Negotiate Calmly
o Corporate negotiations in Hong Kong are held in a calm and orderly fashion.
o Issues like contractual agreements are handled with patience as it is not polite to pressure the Chinese business partners.
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9. Dining Etiquette
o Business owners in Hong Kong can hold formal dinners.
o A traditional Chinese meal has a specific dining etiquette, including using the famed chopsticks.
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10. Stay Open
o As a foreign investor in Hong Kong or an expat it is important to stay open towards assimilating new customs.
o You should keep an open mind towards the existing cultural differences.
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Ask for Professional Advice
o Asking for professional advice can always be a step in the good direction.
o You can contact our company registration experts in Hong Kong for detailed information on how to do business in the city.
Thank You for Your Attention!
For more information please contact us at:
+ 852 8191 3385 (for international clients)
http://www.opencompanyhongkong.com/ 14